Weel, Nium and Visa team to accelerate global payment offerings

By Gloria Mathias

Weel, Australia’s spend management platform, and Nium have announced a new partnership to help finance teams manage their corporate spending.

Nium will serve as Weel’s preferred financial services provider, offering a comprehensive suite of products that will enable Weel to accelerate its global growth and customer offerings. A cornerstone of this is Weel’s partnership with Visa to introduce Visa Business Debit Cards across the program.

Weel enables its customers to quickly issue Visa-backed digital cards to their employees for business purchases. These cards are fully integrated with a web and mobile platform that allows finance teams to control spending, manage receipts, and synchronise transactions with their accounting platform.

Weel’s partnerships with Nium and Visa provide a strong foundation for Weel to take its highly successful product offering to overseas markets. Nium’s end-to-end solution and licensing in over 40 markets, coupled with Visa’s acceptance in over 200 markets, will enable Weel to pursue a faster go-to-market strategy as it enters new countries.

Nium’s infrastructure and capabilities will play a key role in helping Weel expand its payment offerings. Weel currently supports bill and reimbursement payments to recipients in Australia. With this partnership, customers can make payments globally and in real-time, as well as convert currencies and hold balances in multi-currency wallets. This new functionality will empower Weel customers to better engage with international suppliers and foster stronger global trade relationships.

Anupam Pahuja, EVP of APAC, and Middle East at Nium, said, “Our collaboration with Weel underscores our commitment to empowering global platforms through best-in-class payment infrastructure. At Nium, our foundational payments framework provides Weel with advanced solutions to simplify financial management for SMEs navigating a swiftly changing market landscape.”

Weel’s CEO, Daniel Kniaz, added, “This partnership with Nium is an important milestone for Weel, enabling us to grow in alignment with our customer needs. It means we can now deliver even more value to our customers, helping them navigate the complexities of spend management effortlessly.”